East Ramapo school board member Stephen Price during the reorganization meeting of the board at district headquarters in Chestnut Ridge July 10, 2012.

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Two members of the East Ramapo Board of Education have resigned, the board president said Tuesday evening.

President Daniel Schwartz announced the resignations of Stephen Price and Suzanne Young-Mercer at the opening of a regular meeting, before board members and administrators left the room for scheduled executive session discussions with their lawyers.

The announcement preceded a unanimous vote later in the meeting on a resolution to borrow $7.4 million to help stem the district's deficit. The money must be repaid by June 2014. ...